![]() These fluctuations are due to a variety of factors.ġ5:15 PT: Colin Langan from Wells Fargo takes the floor. Tesla just happens to be pretty transparent about it. The company has installed capacity to produce products like its vehicles more, but the grind is real.Īddressing Tesla’s price volatility, the CFO noted that all car companies do this. It’s so notable that Tesla has practically been caught off guard. “There has been a profound awakening of desirability for EVs,” Kirkhorn said. ![]() The company also reiterated the notion that its primary focus on the anode side is to reduce costs, at least without impeding the long-term recyclability.Īs for the company’s vehicle pricing strategies, the CFO noted that there seems to be a profound awakening among consumers about electric vehicles. With regards to this inquiry, Tesla notes that the anode materials are not at the same place in terms of commodities. Credit: sunnyvaletree/Tesla Motors Clubġ5:20 PT: Collin Rusch from Oppenheimer asks about battery anode materials. He noted that Tesla is providing the information as incidents occur, and it is one of the only companies that responded to these probes. Lars Moravy adds that Tesla always works with regulatory bodies, including the NHTSA. The team is moving quickly too, so improvements should be substantial. “You can feel the progress,” Kirkhorn said. “Tesla Autopilot is working extremely hard. Tesla can only state that it’s working very hard on this, and the company has been very transparent on its development. Kirkhorn noted that it’s difficult to be specific on FSD’s timelines. He thanks Tesla for not making the earnings call into a “one man show.” He asks about the progress on FSD and its timetable for Level 4 capability. That being said, Tesla has already begun the casting of the Cybertruck’s initial exoskeleton.Īs for the differences between Giga Berlin and Giga Texas, their differences are more unique to their respective regional locations.ġ5:24 PT: Brian Johnson from Barclays takes the floor. Suppliers are being tapped to ensure that the Cybertruck could be ramped fairly well. There are some early decisions that were made, but there’s progress being made. Tesla notes that the Cybertruck is designed for durability. He also asks about the supply for the Cybertruck’s exoskeleton. It’s tricky to really tell how ramping production will effect margins.ġ5:28 PT: Trip Chowdry asks about the differences about Giga Berlin and Giga Texas. As for how this impacts margins, it’s difficult to predict. There should be no expectation that there will be cars delivered from Giga Berlin and Giga Texas this year, however, partly due to regulatory reasons. With this in mind, there is quite an execution journey ahead of the company. ![]() Kirkhorn noted that Tesla is aiming to produce its first vehicles in both Berlin and Texas by the end of the year. Until the next time then!ġ5:31 PT: Jonathan Dorsheimer from Cannacord. The first entry starts at the bottom of the page.ġ5:33 PT: And that wraps up Tesla’s first Elon-less earnings call! Thanks so much for staying with us for today’s coverage. I will be updating this article in real-time, so please keep refreshing the page to view the latest updates on this story. The following are live updates from Tesla’s Q3 2021 earnings call.
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